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Vodafone meets full-year expectations, pulls guidance on COVID-19 uncertainty

Tue, 12th May 2020 07:16

LONDON, May 12 (Reuters) - Vodafone, the world's
second largest mobile operator, met expectations with a 2.6%
rise in full-year core earnings to 14.9 billion euros ($16.10
billion), but said it could not predict the current year outcome
due to the uncertainty caused by the coronavirus.

"We are experiencing a direct impact on our roaming revenues
from lower international travel and we also expect economic
pressures to impact our customer revenues over time," it said on
Tuesday.

"However, we are also seeing significant increases in data
volumes and further improvements in loyalty, as our customers
place greater value on the quality, speed and reliability of our
networks."
($1 = 0.9253 euros)
(Reporting by Paul Sandle; editing by Kate Holton)

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